Fluctuations of extremal Markov chains driven by the Kendall convolution

Barbara Jasiulis-Gołdyn, Edward Omey, Mateusz Staniak

The paper deals with fluctuations of Kendall random walks, which are extremal Markov chains and iterated integral transforms with the Williamson kernel $Ψ(t) = \left(1-|t|^α\right)…